U.S. Housing Market
New Data Reports Highlight Mild But Continued Home Price Acceleration
FHFA Director Bill Pulte made no public acknowledgement of the home price increases. Continue Reading New Data Reports Highlight Mild But Continued Home Price Acceleration
Georgia Home Sales Down 9% During November
During November, the median sales price dipped by 1% to $356,000 while the average sales price inched up 2% to $449,463. Continue Reading Georgia Home Sales Down 9% During November
Survey Finds Most Homeowners Fear Insurance Will Become Unaffordable
Insurance challenges have forced one-third (33.7%) of home searchers to change the geographic area where they are looking for a home Continue Reading Survey Finds Most Homeowners Fear Insurance Will Become Unaffordable
Mortgage Credit Availability Inched Up During August
“Mortgage credit availability increased slightly in August, driven by a small increase in ARM product offerings, which was similar to what we saw in July,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inched Up During August
Ohio Lawmakers Offer Bill to Prevent Foreclosure on Senior Homeowners
“We have heard from our constituents, calling with real fear of being taxed out of their homes,” said Adam Mathews. Continue Reading Ohio Lawmakers Offer Bill to Prevent Foreclosure on Senior Homeowners
Study: 58% of Gen Z Consumers Live with Family Members
“The relationship between household income and household composition explains why many families tend to struggle financially,” said LendingClub’s Alia Dudum. Continue Reading Study: 58% of Gen Z Consumers Live with Family Members
Hits and Misses for the Real Estate Week of July 24-28
The residents of the exclusive Hope Ranch enclave of Santa Barbara, California, don’t want a royal couple as neighbors. Continue Reading Hits and Misses for the Real Estate Week of July 24-28
First-Time Buyers Need to Earn 13% More Than a Year Ago to Purchase Starter Home
The only major metros where starter-home buyers need less income than they did a year ago are San Francisco, Austin and Phoenix. Continue Reading First-Time Buyers Need to Earn 13% More Than a Year Ago to Purchase Starter Home
$91 Million Affordable and Supportive Housing Development Opens in the Bronx
All apartments are affordable to households earning at or below 80% of the Area Median Income. Continue Reading $91 Million Affordable and Supportive Housing Development Opens in the Bronx
HUD Debuts $85 Million Program for Removing Barriers to Affordable Housing
“We are acting to increase the supply of affordable housing,” said HUD Secretary Fudge. Continue Reading HUD Debuts $85 Million Program for Removing Barriers to Affordable Housing
Mortgage Rates Are Up Again
“Higher interest rates continue to dampen activity in interest rate-sensitive sectors,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Are Up Again
Mortgage Delinquency Rate Crashes to All-Time Low
CoreLogic noted that 14 states posted an annual increase in overall delinquency rates in May. Continue Reading Mortgage Delinquency Rate Crashes to All-Time Low
JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress
Among the major servicers, Rocket Mortgage ranked the highest with a score of 686 out of 1,000. Continue Reading JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress
Pending Home Sales Inched Up Slightly in June
However, on a year-over-year measurement, pending transactions were down by 15.6%. Continue Reading Pending Home Sales Inched Up Slightly in June
Nearly Half of US Homes in Q2 Were Equity-Rich
Nationwide, the median home value spiked by 10% in the second quarter to $350,000, a new all-time high. Continue Reading Nearly Half of US Homes in Q2 Were Equity-Rich
